Will EURUSD Post A Lower High?

Tuesday, 09/06/2020 | 13:06 GMT

Disclaimer

The euro currency is trading modestly following last Friday’s declines.

However, the currency pair remains strong with an upside bias.

At the moment, price action indicates a low forming around the 1.1287 level.

A rebound off this price level should see another attempt to rise higher.

However, if EURUSD fails to breakout above the previous higher close at 1.1350, then we expect a move lower.

A breakdown below 1.1287 will signal a move to the 1.1132 level where technical support will most likely form.

Orbex Review

Source: https://www.orbex.com/blog/en/2020/06/will-eurusd-post-a-lower-high

Disclaimer

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}